GST 2.0 is here! What the new tax reforms mean for you - 10 things to know

Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance is GST-free, and healthcare costs decrease. Consumer durables, housing materials, and auto sectors also see reduced GST, boosting affordability and domestic manufacturing.

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